GasBuddy News Article

49

votes

Natural gas lights the way

Telegram
--
Natural gas and oil from new sources such as Bakken shale and Canada’s tar sands are being touted these days as keys to North American energy independence. This is understandable: Both natural gas and unconventionally produced oil are potentially large energy sources for the United States and the rest of North America that were not fully considered until recently. But their futures in the U.S. may be headed in opposite directions

Many of our country’s most influential transportation decision-makers — especially state and local governments, vehicle manufacturers and long-haul shipping businesses — are working hard to make natural gas a much bigger part of our country’s transportation system. This follows a similar shift toward natural gas for generating electricity. Today one-third of all

"When these non-economic advantages are added to the developing economic trends favoring natural gas transportation, the result is a very attractive scenario for investors. That’s another reason my money is on natural gas for the type of energy that has the brightest future for U.S. transportation.

Christopher R. Knittel is the William Barton professor of energy economics at Sloan School of Management and co-director of the Center for Energy and Environmental Policy Research, both at Massachusetts Institute of Technology."